ASIA PACIFIC FIXED WING VTOL AIRCRAFT MARKET FORECAST 2019-2027

ASIA PACIFIC FIXED WING VTOL AIRCRAFT MARKET FORECAST 2019-2027

Fixed wing VTOL aircraft market by Asia-Pacific is anticipated to grow with a CAGR of about 22.82% during forecast period 2019- 2027. The market has been valued at $XX million in the year 2018 and is depicted to generate a revenue of about $XX million by 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027.

Fixed-wing VTOL aircraft are able to take off vertically and can land in the same manner. After vertical takeoff, these aircraft transit into the horizontal flight to attain the desired speed and altitude. Fixed-wing VTOL aircraft do not become dependent on any runway infrastructure, so they are considerably more beneficial than the traditional aircrafts. Fixed-wing VTOL aircraft are capable of hovering around a place and help to carry out specified military operations that require close monitoring of a particular area.

Fixed wing VTOL aircraft market by Asia-Pacific is anticipated to grow with a CAGR of about 22.82% during forecast period 2019- 2027. The market has been valued at $XX million in the year 2018 and is depicted to generate a revenue of about $XX million by 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027.

Asia Pacific region will show rising trends for fixed wing VTOL aircraft market in the upcoming years. Japan has made progress towards modernizing its transport fleet for defense and special mission needs. Apart from several developments, various other nations in the APAC region are also rigorously undertaking developmental initiatives. The economies of China, India, Japan, South Korea, Australia, and the remaining countries collectively considered to belong to the Rest of APAC regional segment are the major influencers of the fixed-wing VTOL aircraft market in Asia Pacific region.

China is one of the prominent countries in the APAC region with a significant number of drone manufacturers, which contributes magnanimously to the growth of the UAV industry in the region. There is a growing number of UAV manufacturers who, in turn, develop the fixed-wing VTOL drones for various applications.

The market for fixed-wing VTOL aircraft in recent times is brand new and growing. Many companies developing the varieties of VTOL aircraft are still testing the trial products for final regulatory approval and consumer acceptance. Some of the established companies are Autel Robotics, Boeing, Bae Systems PLC, Airbus Group SE, Kitty Hawk, Leonardo Group, Aerovironment, Aurora Flight Science (acquired by Boeing), Alti UAS, XTI Aircraft Company, Textron Inc., Lilium Aviation, Israel Aerospace Industries (IAI), Lockheed Martin Corporation, and Arcturus UAV.

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